Post
Topic
Board Economics
Re: Why bitcoin isn't currency.
by
mirelo
on 11/11/2013, 23:40:13 UTC
Currency is a unit.

It is a unit in the system of measurement of value. Just like an inch is a unit in the system of measurement for length.

Money is nothing like "a unit in the system of measurement for length": it measures the exchange value of whichever it prices, rather than any of its objective properties - exchange value is neither objective nor constant.